STILL NOT SURE?

Frequently Asked Questions

Find quick answers to common questions about taxes, payroll, bookkeeping, and business formation. At Dynamite Tax & Financial Service, we make finances simple and stress-free.

What services does Dynamite Tax & Financial Service in Southfield, MI provide?

We specialize in individual tax preparation, business tax preparation, bookkeeping, payroll services, tax planning, and business formation. Our goal is to help individual and business owners stay compliant, maximize refunds, and reduce tax liability.

Do I need to schedule a tax appointment or can I walk in?

We recommend scheduling an appointment to ensure personalized service. However, our Southfield office does accept walk-ins during regular tax season hours. Virtual appointments are also available for clients across Michigan and nationwide.

What documents should I bring for tax preparation in Michigan?

Bring a valid photo ID, Social Security card (or ITIN), last year’s tax return, W-2s, 1099s, income records, receipts for deductions, and business records (if applicable). This ensures your return is accurate and complete. We also send a checklist before your appointment for your convenience.

When is the deadline to file taxes in Michigan?

The federal tax deadline is usually April 15. Filing early helps avoid delays, secure faster refunds, and resolve any issues with the IRS. Dynamite Tax & Financial Service also assists with tax extensions if needed.

Can you help if I owe back taxes to the IRS?

Yes. We help individuals and businesses in Southfield and beyond with back taxes, tax debt relief, IRS letters, and payment plan negotiations. Our IRS representation ensures you don’t face tax problems alone.

Do you offer virtual tax preparation services?

Yes, we provide secure virtual tax filing services for individuals and businesses. Clients can upload their documents online, and we’ll prepare and e-file taxes without the need to visit our Southfield office.

Can you help me start a business in Michigan?

Absolutely. We guide entrepreneurs through LLC formation, corporation setup, EIN registration, operating agreements, and tax registrations. Our business startup services ensure you’re compliant from day one.

Do you provide bookkeeping and payroll services near Southfield, MI?

Yes, we offer reliable bookkeeping, payroll processing, and financial reporting for small businesses in Southfield and throughout Michigan. Our services save you time and help you focus on growth.

How do you help with business compliance?

We help keep your business compliant with state and federal tax laws, annual filings, payroll tax requirements, and financial reporting. Our goal is to prevent costly penalties and keep your business running smoothly.

How much does tax preparation cost in Michigan?

Our tax preparation fees vary based on complexity (individual, small business, or corporate returns). We provide upfront pricing with no hidden fees so you know exactly what to expect.

Do you offer payment plans for tax and accounting services?

Yes, we offer flexible payment options to make our services affordable for individuals and small business owners.

Where is Dynamite Tax & Financial Service located?

Our office is conveniently located at 21751 W Eleven Mile Road, STE 115, Southfield, MI 48076, near major highways for easy access.

What areas do you serve?

We proudly serve Southfield, Detroit, Royal Oak, Farmington Hills, Troy, Novi, and surrounding Michigan communities, plus nationwide clients through our secure virtual tax services.

What are your office hours?

We’re open Monday–Friday, 9:00 AM – 5:00 PM. During tax season, we offer extended hours and Saturday appointments by request.

there’s more to offer

Money & Business Matters

Smart Tax Moves. Strategic Finance. Real Results.

How Personal Finances Shape Your Business Success

How Your Personal Finances Impact Your Business Success

December 04, 20251 min read

It’s common to think of personal and business finances as two separate areas—but in reality, they are deeply connected. The habits you build at home often influence how you make decisions within your business. When your personal finances are strong, organized, and intentional, your business gains stability, clarity, and room to grow.

A solid personal financial foundation helps you manage cash flow with confidence, make smarter investments, and avoid mixing funds. Here are a few key ways your personal money habits directly impact your business success:

1. Build a clear personal budget.

Understanding your personal expenses gives you a realistic view of what you need your business to earn. A strong budget prevents overspending and helps you avoid pulling money from your business unnecessarily.

2. Separate business and personal accounts.

This should be non-negotiable. Keeping separate accounts protects you legally, makes bookkeeping cleaner, and saves you valuable time during tax season.

3. Pay yourself consistently.

Treat yourself like a team member, not an afterthought. A consistent paycheck creates personal stability and helps keep your business cash flow predictable.

4. Maintain a personal emergency fund.

Life happens. Having a financial cushion at home ensures unexpected expenses don’t force you to dip into business funds or disrupt your operations.

5. Manage personal debt wisely.

High personal debt can limit your ability to invest in your business and increase stress. Reducing personal debt strengthens your overall financial position and opens doors for future growth.

Your business finances often mirror your personal habits. The stronger your foundation is at home, the more confident, stable, and successful you’ll be as a business owner.

If you're ready to organize your books and build a financial strategy that supports both your personal and business goals, we’re here to help.

Michigan AccountantMichigan Tax PreparerMichigan CFO ServicesBookkeeping mistakesSmall business bookkeeping MichiganSmall Business BookkeepingTax Preparation MichiganMichigan Bookkeeping ServicesBusiness Finance Tipssolopreneur to employerbookkeeping helppersonal finances and businesssmall business finance tipsbusiness money habitsbudgeting for entrepreneursseparate business accountspay yourself salaryfinancial stability for business owners
Back to Blog

Copyright 2025. Dynamite Tax & Financial Service. All Rights Reserved.